Template-Type: ReDIF-Paper 1.0
Author-Name: Zubov Sergey
Author-Name-First: Sergey
Author-Name-Last: Zubov
Author-Workplace-Name: RANEPA
Title: Russia’s banking sector in 2019
Abstract: At 2019-end, Russian banking sector numbered 442 lending institutions. Over the year the number of operational lending institutions decreased by 42 (in 2018 – down by 77). Seven years ago in early 2013 the number of operational institutions exceeded one thousand (1094). Consequently, the Central Bank of Russia consistently has been conducting the bank resolution process. As of January 1, 2020, 373 lending institutions’ profit hit RUB 2,196.4 billion and losses of 69 banks amounted to RUB 159.6 billion. On the whole, the share of loss-making institutions over the year went down from 29 to 16 percent.
Classification-JEL: E41, E51, G28, G21, G24
Keywords: Russian economy, banking sector, profit, capital, corporate loans, retail lending
Creation-Date: 2020
Revision-Date: 2020
Length: 7 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2020-1042.pdf
File-Format: application/pdf
File-Function: Revised Version, 2020
Handle: RePEc:gai:ppaper:ppaper-2020-1042